B + N Referencia completed the acquisition of Central and Eastern European assets of ISS Group.

B + N Referencia, a company engaged in acility operations, completed the acquisition of Central and Eastern European assets of ISS Group, an international facility operator. Financial terms were not disclosed. “The facility management industry operates on a volume basis: as size increases, cost efficiency increases, and there is no need to significantly increase the administrative background to move a larger base. Therefore, high volume is a competitive advantage over smaller players. With this transaction, the number of employees of B + N Referencia Zrt. Exceeds 10 thousand," Ferenc Kis-Szölgyémi, B + N Referencia CEO.